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A little help from you daytraders trading from your homes. Currently I
am looking into different vendors and trade stations with the objective
of trading from my home and trying to level the field against the NYSE
AMEX specialists and the OTC market-makers. I am very actively searching
for an efficent package which is fairly easy to use, fast instantaneous
trading capabilities and cost effective. Some of the things I would like
to monitor before pulling the trigger on the trade are:
(1) would like to see the Level 2 screen displaying the OTC market maker
bids and offers
with their sizes displayed
(2) would like to have a real time minute by minute chart that I can
monitor of XYZ stock
so that I can monitor momentum intra-day
(3) a ticker flying across the screen would be helpful for getting a
feel of the pulse of
the market
(4) the ability to monitor say 20 other stocks shoved up in the corner
somewhere
*** (1) and (2) top prioity ***
These are the most basic bases I hope to cover and any input would be
deeply appreciated.Would curious to know if this could be all be done on
one computer alone or
whether two computers would probably be more practicable. Would two
internet connections lend itself to this setup or one can do it alone
with one internet connection. It seems to me that one internet
connection would be needed to be always live and ready to make the trade
and one internet connection open to recieve the "Push" technology for
stock quotes etc.etc. So far I've spoken to DBC Signal and Equis
Professional Software(for generating realtime charts). I also intend to
contact Tradestation to see what they have to offer. One of the factors
to consider is the ability to incorporate a e-brokerage( with timely and
reliable instantaneous
executions and of course cost of clearing trade) with the trade station
package that you're trying to create. Could anyone shed some light on
this matter and possibly give me an idea of the relative costs they
incur to support the trade stations that they are currently using.
Thanks for taking the time to read this message.
Regards,
Winthorpe
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